Back in November, Sarah Palin caught some flak for simply stating the obvious-food prices are increasing at a rapid rate and costing Americans more when they shop at the local supermarket. This is evident to anyone who does their own shopping. Maybe all those elites in Washington have someone else do it for them. Who knows.
However, this San Francisco Chronicle article proves her right-again.
Grocery prices grew by more than 1 1/2 times the overall rate of inflation this year, outpaced only by costs of transportation and medical care, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics.
Economists predict that this is only the beginning. Fueled by the higher costs of wheat, sugar, corn, soybeans and energy, shoppers could see as much as a 4 percent increase at the supermarket checkout next year.